ANTAM GOLD PRICE FALLS AT RP707,000

This is the right time for you to buy more gold. (Image via: Liputan6.com)

This is the chance for all gold lovers to invest more in gold. Today (27/6), PT Aneka Tambang (ANTAM) Tbk tabulated Rp2,000 drop to Rp707,000 per gram. Compared to Wednesday’s price, Rp709,000, it continued to drop by Rp4,000 until today.

The drop did not only affect the sales price, but also the buyback. On Wednesday, Antam’s buyback was set at Rp638,000 per gram. Today, due to the price’s drop, the buyback price also fell to Rp636,000.

Certain gold selling website sells Antam gold according to its weight by the following prices: for 0.5 gram at Rp378,000, 1 gram for Rp707,000. The highest price was Rp656 million at 1 kg. These prices already include Value Added Tax (VAT). For those who hold Taxpayer Identification Number (TIN), they are charged 0.45%. A Higher VAT is put for those who do not have TIN, at 0.9%.

The world’s gold market also caught the fire, despite the speculation that the Federal Reserve will not cut the interest rate too much next month. At the beginning of the session, the price dropped by more than 1%, but then it alleviated to 0.8% at US$1,411.21 per ounce. However, the drop was not significant, since the price still hangs above its psychological level at US$1,400.